Standard & Poor's Financial Services LLC

It turns out some wealthy companies are just like some wealthy hedge fund managers: They're taxed at far lower rates than nearly everyone else.

Whether or not Apple used illegal breaks to pay virtually no taxes in Europe over 11 years, as regulators there contend and the company denies, the order last week that it pay billions in back taxes highlights a worrisome divide among the world's biggest corporations: Some pay relatively little taxes, others a lot.

Taxes paid in the U.S. and abroad by tech companies like Apple amounted to 24 percent of their profits in the 10 years through 2014, according to a Credit Suisse report. Energy companies paid...

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It turns out some wealthy companies are just like some wealthy hedge fund managers: They're taxed at far lower rates than nearly everyone else.
Whether or not Apple used illegal breaks to pay virtually no taxes in Europe over 11 years, as regulators...

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Illinois budget officials say the state will delay today's planned sale of $500 million in construction bonds after a recent credit downgrade.A spokesman for Gov. Pat Quinn's budget office said the decision was made after conversations with potential...

Don’t expect a vote on a plan to overhaul the state’s government worker pension program until after the new year, Illinois Senate President John Cullerton indicated Thursday.
The North Side Democrat said that there simply aren’t enough votes to pass...